UzAuto Motors to complete negotiations on car production in Russia by year end

UzAuto Motors is considering the possibility of assembling cars in Russia. According to Alexander Sakhapov, Managing Director of the company, negotiations are in the “active stage”, their results will be announced before the end of the year, Kommersant writes.
Currently, Derways plant, located in Ckerkessk, is being considered as a potential site. The option of buying the GM plant in St. Petersburg is also being studied.
According to Vladimir Bespalov from VTB Capital, the organization of local production makes sense if there is a goal to reach 50 thousand units of cars or more a year. The prospects for the assembly organization depend, among other things, on the benefits that local authorities are ready to offer the plant.
Organization of production with sales of 30 thousand cars per year in the current conditions is realistic, Oleg Moseev, the head of the Association “Russian Automobile Dealers”, believes.
Recommended
List of streets and intersections being repaired in Tashkent published
SOCIETY | 19:12 / 16.05.2024
Uzbekistan's flag flies high on Oceania's tallest volcano
SOCIETY | 17:54 / 15.05.2024
New tariffs to be introduced in Tashkent public transport
SOCIETY | 14:55 / 05.05.2023
Onix and Tracker cars withdrawn from sale
BUSINESS | 10:20 / 05.05.2023
Latest news
-
Cybercrime rate rising in Uzbekistan
POLITICS | 15:15
-
Billions lost and equipment stolen at UzTest: Testing lab faces major accountability crisis
SOCIETY | 15:08
-
Uzbekistan to scale up water-saving rice farming with drip irrigation
SOCIETY | 13:43
-
Central Bank of Uzbekistan reports decline in reserves, while gold volume and value climb
SOCIETY | 13:04
Related News

20:05 / 08.07.2025
Mirziyoyev and Putin discuss further strengthening trade and economic ties

14:01 / 07.07.2025
Two citizens of Uzbekistan sentenced for fighting in Russian army against Ukraine

11:49 / 04.07.2025
Russia officially recognizes Islamic Emirate of Afghanistan, eyes economic cooperation

20:20 / 01.07.2025